The financing round was led by Spintop Ventures. Founders, existing shareholders and new private investors also participated. The capital from the financing will be used to continue scaling the deployment of Defentry’s proactive personal data protection platform in cooperation with large partners, protecting all types of personal digital information online for people in the Nordics and Northern Europe.
Defentry addresses an alarming problem
- In 2020, 16 billion personal data records were exposed through data breaches, growing by > 1 000% since 2015.
- Personal data is a wide array of information pieces, interlinked with our different roles in life as private individuals, professionals, and family members.
- Therefore, protection of personal data is not just about protecting the individual, it is about protecting companies, organizations and the society in general.
Defentry has a distinct approach to protect a wide range of personal data with a suite of service components powered by one single platform. Defentry puts the individual at the center, assisting to immediately address and resolve threats. The go-to-market model is proven with the first major partners in the Nordics and allows for attractive scaling.
“Many organizations’ security and compliance tools focus on safeguarding endpoints and system vulnerabilities. But they struggle to safeguard against human vulnerability. To stop today’s advanced attacks, businesses need to focus on protecting end users by adopting a human-centric approach. Defentry is here to build a safer world. We have developed the first human centric cybersafety platform. It’s only when we enlighten and educate us that we can build a safer digital world together”-says Christer Hernestig Co-founder and CEO
“Digital identity theft and other fraudulent use of personal data is a massive problem, becoming a major threat to all the positive benefits of digitalisation. The Defentry platform makes it easy to add personal data protection to a digital service proposition, as well as for companies to provide personal data protection to their employees. Defentry has a proven technology platform and a scalable distribution model. Spintop is excited to continue to support Defentry in building a better and safer digital world”– says Finn Persson, at Spintop Ventures
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